Publications for Trust & Estate Administration
Estate planning is done to avoid family disputes, but despite the best of intentions, disputes happen when money is at stake.
Properly drafted and funded estate tax planning trusts for married persons can double the effective exemption.
Currently, the federal estate tax is set to expire on December 31, 2009 but return in 2011 with a $1 million federal estate tax exclusion.
Governor Jennifer Granholm recently signed into law legislation enacting the Michigan Trust Code effective April 1, 2010.
Beginning in year 2010, for the first time, an individual with adjusted gross income greater that $100,000 may convert a traditional IRA to a Roth IRA.
Blended families currently outnumber traditional nuclear families. Based on current statistics and trends, the number is growing.
The year 2008 was financially turbulent. The major stock market indexes recorded a decline of over 40%.